Unitil Corp. (UTL) Reaches New 1-Year High at $43.36
Shares of Unitil Corp. (NYSE:UTL) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $43.36 and last traded at $43.30, with a volume of 13,949 shares trading hands. The stock had previously closed at $42.65.
Several research firms recently issued reports on UTL. Zacks Investment Research cut shares of Unitil Corp. from a “buy” rating to a “hold” rating in a report on Saturday, April 23rd. Royal Bank Of Canada raised shares of Unitil Corp. from an “underperform” rating to a “sector perform” rating and upped their price target for the company from $37.00 to $38.00 in a report on Monday, April 25th.
The firm has a market capitalization of $615.93 million and a PE ratio of 25.92. The firm’s 50 day moving average is $41.23 and its 200-day moving average is $39.70.
Unitil Corp. (NYSE:UTL) last released its quarterly earnings data on Thursday, April 21st. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by $0.10. The company earned $125.80 million during the quarter, compared to analysts’ expectations of $173.35 million. During the same quarter in the prior year, the company earned $0.98 EPS. Equities research analysts forecast that Unitil Corp. will post $1.88 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in UTL. Numeric Investors LLC increased its position in Unitil Corp. by 8.2% in the fourth quarter. Numeric Investors LLC now owns 41,885 shares of the company’s stock worth $1,503,000 after buying an additional 3,185 shares in the last quarter. Monarch Partners Asset Management LLC increased its position in shares of Unitil Corp. by 119.4% in the fourth quarter. Monarch Partners Asset Management LLC now owns 124,458 shares of the company’s stock valued at $4,466,000 after buying an additional 67,733 shares during the period. LSV Asset Management increased its position in shares of Unitil Corp. by 1.4% in the fourth quarter. LSV Asset Management now owns 213,727 shares of the company’s stock valued at $7,668,000 after buying an additional 2,851 shares during the period. Finally, Russell Frank Co increased its position in shares of Unitil Corp. by 1.6% in the fourth quarter. Russell Frank Co now owns 263,141 shares of the company’s stock valued at $9,539,000 after buying an additional 4,169 shares during the period.
Unitil Corporation (Unitil) is a public utility holding company. The Company is engaged in the distribution of electricity and natural gas. The Company operates in three segments: utility gas operations, utility electric operations and non-regulated. The Company’s principal business is the local distribution of electricity in the southeastern seacoast and state capitol regions of New Hampshire and the greater Fitchburg area of north central Massachusetts and the local distribution of natural gas in southeastern New Hampshire, portions of southern Maine to the Lewiston-Auburn area and in the greater Fitchburg area of north central Massachusetts.